Argus Lowers Dollar General (NYSE:DG) Price Target to $170.00

Dollar General (NYSE:DG) had its price objective cut by Argus from $175.00 to $170.00 in a research note published on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

DG has been the topic of several other reports. Telsey Advisory Group reissued an outperform rating and issued a $170.00 target price on shares of Dollar General in a research report on Thursday, May 30th. Evercore ISI decreased their price target on shares of Dollar General from $151.00 to $148.00 and set an in-line rating on the stock in a report on Tuesday, July 2nd. Piper Sandler dropped their price objective on Dollar General from $147.00 to $141.00 and set a neutral rating for the company in a report on Friday, May 31st. BMO Capital Markets cut their target price on Dollar General from $150.00 to $140.00 and set a market perform rating on the stock in a research report on Friday, May 31st. Finally, Truist Financial lowered their price target on Dollar General from $140.00 to $135.00 and set a hold rating for the company in a research report on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Dollar General currently has a consensus rating of Hold and a consensus price target of $147.86.

Dollar General Stock Down 2.4 %

DG stock opened at $124.42 on Monday. The company has a 50 day moving average price of $132.74 and a two-hundred day moving average price of $139.71. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The stock has a market capitalization of $27.36 billion, a P/E ratio of 18.11, a PEG ratio of 2.50 and a beta of 0.43. Dollar General has a one year low of $101.09 and a one year high of $173.47.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, sell-side analysts expect that Dollar General will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, July 9th. Dollar General’s payout ratio is currently 34.35%.

Institutional Investors Weigh In On Dollar General

Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Sector Pension Investment Board lifted its holdings in Dollar General by 12.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 23,539 shares of the company’s stock worth $2,490,000 after buying an additional 2,558 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Dollar General by 28.3% during the third quarter. B. Riley Wealth Advisors Inc. now owns 8,580 shares of the company’s stock worth $908,000 after purchasing an additional 1,890 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its holdings in Dollar General by 158.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 613 shares of the company’s stock worth $83,000 after purchasing an additional 376 shares during the period. Diversified Trust Co bought a new stake in Dollar General during the fourth quarter valued at $259,000. Finally, IFP Advisors Inc raised its holdings in shares of Dollar General by 127.4% during the fourth quarter. IFP Advisors Inc now owns 14,265 shares of the company’s stock worth $1,939,000 after purchasing an additional 7,992 shares during the period. Institutional investors own 91.77% of the company’s stock.

About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.